this post was submitted on 04 Oct 2025
266 points (96.5% liked)

Technology

75756 readers
2099 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related news or articles.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots


founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] WindyRebel@lemmy.world 10 points 1 day ago* (last edited 1 day ago)

I honestly don't understand how to “do” crypto. Here’s my brain’s interpretation and questions. You will probably see why I, and many others, don’t use it or dabble in it:

It’s got to be mined to obtain (power hog and time)

You can buy it but it is traded like stock which may inflate it to be more expensive to obtain

Who really owns or has responsibility over what you purchase when it comes to the cryptocurrency?

Where is it “stored” (locally, on a cloud somewhere)?

What coin type do you choose and how do you know it’s safe?

Do you just make your own coin and use a program that does everything needed to package it as “money”?

How does someone verify that you actually have the money behind the coin(s)?